Ukraine

3:54 pm

wuaa

Silk Link of Ukraine:

With the support from the Office of the President of Ukraine, Ukraine–China Friendly Group of Parliament Members of Verkhovna Rada of Ukraine (parliament), Ukraine’s Foreign Ministry and Ukraine’s embassy in China, the Silk Link of Ukraine was established in 2016. Chian and Ukraine have always implemented a good-neighborliness foreign policy and economic cooperation policy, while the “Belt and Road” foreign policy advocated by President Xi Jinping is now producing new dynamics for the cooperation between countries.

Currently, China has multiple projects ongoing in Ukraine including China National Complete Plant Export Corporation (USD $3 billion loan from Export-Import Bank of China through grain purchase contracts), China National Building Material Company (USD $1 billion investment in energy sector), Huawei, ZTE, Xinwei Group (USD $0.65 billion in telecommunication sector), COFCO Group (grain dock in Nikolaev with investment of USD $70 million) and China Harbour Enginerring Corporation (performance of seabed deepening work contract for South Harbor, with an investment of USD $40 million)